Tag Archive: Personal finance

Bank predicts home rent rises in Switzerland

2022-11-11

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2022-11-11

According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes.

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No price rises for Swiss public transport in 2023

2022-11-01

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2022-11-01

For the seventh consecutive year, the price of tickets on Swiss public transport will remain unchanged. It will also become easier to buy tickets for bicycles and canine companions, reported RTS.

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Two votes launched against Swiss tax and pension mariage penalty

2022-10-23

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2022-10-23

In Switzerland, it pays not to be married. Married couples pay higher taxes and receive lower state pensions than unmarried couples. Two referenda were launched this week to change this, reported RTS.

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Swiss state employee pay and numbers should be cut, argues party

2022-10-22

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2022-10-22

The Swiss People’s Party (UDC/SVP) argued this week that the CHF 6 billion spent on state employees should be cut, reported 20 Minutes.

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Swiss state pensions to get a boost in 2023

2022-10-18

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2022-10-18

On 12 October 2022, Switzerland’s Federal Council announced an increase in state pensions from 1 January 2023 by 2.5%.

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Inflation turns negative in Switzerland in September

2022-10-07

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2022-10-07

In September 2022, Switzerland’s consumer price index (CPI) fell by 0.2% compared with the previous month, according to data from Switzerland’s Federal Statistical Office (FSO).

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Swiss electricity prices to rise as much as 280% in 2023

2022-09-12

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2022-09-12

Next year, average electricity prices in Switzerland are set to rise 27% with significant difference depending on where you live, reported RTS. In 2023, an average household consuming 4,500 kWh a year will pay an extra CHF 261 a year for their electricity.

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Swiss government launches energy saving campaign

2022-09-05

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2022-09-05

On 31 August 2022, Switzerland’s federal government launched its campaign to cut energy consumption to reduce the risks of an energy shortfall over the coming winter.

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Switzerland’s population older than ever, shows recent data

2022-08-28

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2022-08-28

In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022.

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Winter electricity cuts feared, says head of Swiss commission

2022-08-18

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2022-08-18

Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS.

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The online retail fraud made possible by Swiss billing system

2022-07-12

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2022-07-12

In Switzerland it is possible to order goods online without paying up front. Retailers will send orders with a payment slip included with the goods. Fraudsters are exploiting this quirk of Swiss postal retail.

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Swiss inflation up again in June 2022

2022-07-07

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2022-07-07

On 4 July 2022, Switzerland’s Federal Statistical Office (FSO) published June inflation data, which show prices 3.4% higher than one year ago, well above the Swiss National Bank target of 2.0%. Switzerland’s consumer price index (CPI) increased by 0.5% in June 2022, less than the 0.7% rise in May 2022.

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Higher federal tax deductions for health insurance announced

2022-06-27

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2022-06-27

The cost of Swiss health insurance has risen sharply over the years. However, the amount that can be deducted from income to calculate federal taxes has remained comparatively low. This week, Switzerland’s parliament voted in favour of closing the gap between the standardised health insurance tax deductions and what people actually pay, reported RTS.

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Switzerland adopts latest round of EU sanctions against Russia

2022-06-13

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2022-06-13

On 10 June 2022, Switzerland’s government adopted the latest set of EU sanctions against Russia and Belarus, including an embargo on crude oil and certain refined petroleum imports from Russia.

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Swiss government changes solar electricity rules

2022-06-07

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2022-06-07

On 2 June 2022, Switzerland’s parliament adopted two motions to accelerate the adoption of solar panels.

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Swiss salaries shrink for men and rise for women in 2021

2022-06-06

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2022-06-06

Overall, in 2021, Swiss salaries shrunk by 0.2% in nominal terms and by 0.8% in real terms, given an annual rate of inflation of 0.6% across the year, reported the Federal Statistical Office (FSO) this week.

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Recent price rises only the beginning, says Swiss consumer association

2022-05-10

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2022-05-10

Food, energy and housing costs are rising in Switzerland and consumers are beginning to change their spending habits. So far inflation in Switzerland has been moderate with annual inflation of 2.5%. However, according to FRC, a consumer association in French-speaking Switzerland, recent price rises are only the beginning, reported RTS.

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Tips for cutting energy bills

2022-05-01

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2022-05-01

As the prices of fossil fuels skyrocket and further supply and price uncertainty looms, many are seeking ways to cut the amount they spend on home energy. A publication by the Swiss Federal Office of Energy (SFOE) shows where savings can be made.

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Average annual healthcare costs hit 9,600 francs in Switzerland in 2020

2022-04-30

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2022-04-30

Statistics published on 26 April 2022 show health expenditure in Switzerland rose to CHF 9,648 (US$ 10,8001) per person in 2020, making Switzerland (probably) the second biggest per-capita healthcare spender in the world – the OECD has not yet published 2020 expenditure for the US, which is typically the world’s highest spender.

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Swiss health insurance could jump by 9 percent next year

2022-04-10

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2022-04-10

According to the newspaper Le Matin Swiss health insurance premiums could rise by 7% to 9%, reported RTS. The future rise in the cost of health insurance is estimated based on data on the rising healthcare costs being passed on to health insurance companies. According to the data, costs rose during the second half of 2021. Across all of 2021 costs were up by 5.1% and the trend appears to have continued.

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